We can speculate about the company strategy, decline rates, EURs, manipulation, accumulation, lack of transparent and forthright information, verticals, and horizontals etc till our eyes pop out, but the only thing that really matters is price.
It's currently in the toilet and on that basis the market has given the company a resounding fail.
Maybe they'll get their funding and maybe they won't, maybe they'll increase their production and maybe they won't. Production and lots of it is the key for me - if they can't start getting more bang for their drilling buck then the one step forward and 5 steps back will continue.
The RFE story hangs by a thread I reckon and after the psychological damage inflicted on anyone who invested in the company and it's profligate capital raisings, it will be seriously hard to build credibility from here.
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